CFTC No-Action Relief for Reporting Entities and Reporting Counterparties

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On December 10, the CFTC issued a letter providing reporting parties under Parts 20, 45 and 46 of the CFTC’s regulations with time-limited no-action relief from requirements to report certain identifying information regarding their non-reporting counterparties. The no-action letter addresses Legal Entity Identifiers, other identifying swap data fields pursuant to Parts 45 and 46, and large swap trader counterparty identification information pursuant to Part 20. The relief expires no later than June 30, 2013. CFTC Release. No-Action Letter.